Jackson's 1985 purchase of ATV Music, which included in its catalog some 250 Beatles tunes, for $47.5 million formed the basis of his stake in the music-publishing business and was by far his shrewdest music deal. The stake could now be worth $2 billion.
KonWomyn said...
DV thanks for the shoutout the other day; it's good to feel welcomed as a newbie - much love...Concerning Mike's financial affairs it could be that he was rich in terms of assets but he did not have liquid cash. Mistaking cashflow problems for brokeness is what the media did and that's what people believed. If there was no one to challenge or question that then that's what became the gospel. For MJ to have been given loans he must've borrowed against his immovable assets, but I guess none of the reporters knew how much this was valued at. What bowls me over though is how much he paid out of his pocket for The Beatles music. No fussin or flinching MJ paid a cool $47.5mill which was more than their value - wow! The silliness comes now when you read headlines like 'Beatles music rights save Jackson's estate.' Babylon never misses the chance to give Black people less shine than they deserve.
Denmark Vesey said ...
You are welcome KonWomyn. I like your style.
I see a bit more into the ubiquitious distribution and universal acceptance of the "Michael Jackson is Broke" meme.
There was a definite point in time when Michael Jackson became Persona Non Grata in the eyes of the Plantation Media.
Even before he started hanging out with Muslims. Before he was secretly recorded by some Jewish associates describing Jews as leaches. Before Abe Foxman of the ADL called Michael an anti-Semite, Michael Jackson had transitioned from "We are The World" to "Wacko Jacko". He was systematically libeled. He was twice falsely accused of child abuse. Although acquitted, his name became synonymous with the most despicable of all crimes.
For the past 20 years the Plantation has served a steady diet of anti-Michael Jackson memes so effective and so pervasive it was able to make it appear as if the most successful recording artist and entertainer in the history of the world was a bankrupt degenerate.
The Plantation used the power of suggestion to make a billionaire, appear to be a pauper. Michael Jackson had been shunned, and it was important to make it appear as if he was suffering the consequences of offending the chosen.
The lesson here transcends Michael Jackson. It illustrates the willing gullibility of Plantation occupants.
Friday, July 03, 2009
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8 comments:
Thanks for the info.
Mike wasn't broke; he just wasn't liquid. He did what every rich person does: he took his high value, non-liquid assets and he mortgage them and lived off that money.
What's happenin' CO?
Wonder, that begs the question.
If Mike, obviously wasn't broke, and if Mike simply leveraged assets, why was he universally reported to be broke by the Plantation Media, and so quickly thought to be broke by Plantation Negros?
^ Well... moving out of Neverland because he couldn't pay the expenses was part of it.
UB ... what makes you think Mike "couldn't" pay the bills.
Dude was a billionaire.
DV thanks for the shoutout the other day; it's good to feel welcomed as a newbie - much love...Concerning Mike's financial affairs it could be that he was rich in terms of assets but he did not have liquid cash. Mistaking cashflow problems for brokeness is what the media did and that's what people believed. If there was no one to challenge or question that then that's what became the gospel. For MJ to have been given loans he must've borrowed against his immovable assets, but I guess none of the reporters knew how much this was valued at. What bowls me over though is how much he paid out of his pocket for The Beatles music. No fussin or flinching MJ paid a cool $47.5mill which was more than their value - wow! The silliness comes now when you read headlines like 'Beatles music rights save Jackson's estate.' Babylon never misses the chance to give Black people less shine than they deserve.
It's been a bad couple of weeks to be a celebrity.
I'll bet my last $$$ that Steve McNair's wife warned him several times to stop whoring around.
Looks like he ran into a fatal attraction.
I was born and raised in the land of Donald Trump (Atlantic City). Funny how he's never broke, even while he's filing bankruptcy and putting legit small businesses into serious/fatal trouble to avoid paying them. Psht.
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